Versar, Inc. Awarded $1.2 Million Contract From U.S. Army Corps of Engineers

May 19, 2015, 08:15 ET from Versar, Inc.

SPRINGFIELD, Va., May 19, 2015 /PRNewswire/ -- Versar, Inc. (NYSE MKT: VSR) announced today that the team of Health Facility Solutions Company (Prime Contractor) and Versar, Inc. (Subcontractor) has been awarded a new task order on its U.S. Army Corps of Engineers (USACE) Louisville District contract, to provide Performing Planning Systems Support at five sites: Fort Belvoir, VA; Fort McCoy, WI; Fort Dix, NJ; Fort Jackson, SC; and Moffett Federal Airfield, CA. This contract provides automated planning and technical support to ensure personnel and facilities requirements are properly documented to provide sufficient operational readiness, mobilization and deployment for reserve component forces.

The firm fixed price task order is a single award with a maximum three year period of performance consisting of a base year and 2 option years.  Versar's share for supporting this contract during the stated period of performance is $1.2 million.

Tony Otten, CEO of Versar said, "This award is a validation of the team we have formed with Health Facility Solutions Company.  We welcome this opportunity to work with USACE Louisville, and are confident in our team's ability to provide high quality professional services to match the requirements of the contract."          

VERSAR, INC., headquartered in Springfield, Virginia, is a publicly-traded global project management company providing sustainable value oriented solutions to government and commercial clients in the construction management, environmental services, munitions response, and professional services market areas.

VERSAR operates the corporate web sites, www.versar.com and www.versarpps.com.

This news release contains forward-looking information.  The forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.  Forward-looking statements may be significantly impacted by certain risks and uncertainties described herein and in Versar's Annual Report on Form 10-K filed with the Securities and Exchange Commission for the fiscal year ended June 27, 2014, as updated from time to time in the Company's periodic filings. The forward-looking statements are made as of the date hereof and Versar does not undertake to update its forward-looking statements.

 

Contact:

David Gray

John Nesbett or Jennifer Belodeau


Director of Financial Reporting

Institutional Marketing Services (IMS)


Versar, Inc.

(203) 972-9200


(703) 642-6888

jnesbett@institutionalms.com


dgray@versar.com


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SOURCE Versar, Inc.



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